Price ranges between $2.13 and $2.18 with declining volatility and a symmetrical triangle pattern emerging.
What to know:
XRP is trading near $2.15, with technical indicators suggesting a potential breakout amid macroeconomic tensions.
Ripple's ongoing legal issues with the U.S. SEC and speculation about an XRP spot ETF remain significant factors for investors.
The token's price stability and narrowing trading range indicate a possible imminent market move.
News Background:
XRP’s recent stability comes as broader economic forces loom large. Escalating trade tensions between major economies and diverging central bank policies continue to pressure risk assets, creating headwinds for crypto investors.
Despite this, XRP has maintained a steady price floor following its explosive January rally to $3.39.
Ripple’s legal standoff with the U.S. SEC remains a key wildcard. Settlement talks are reportedly ongoing, and speculation continues to build around a potential XRP spot ETF, with Franklin Templeton's application delayed but still under consideration.
Meanwhile, Ripple’s leadership claims that XRP could capture up to 14% of SWIFT’s transaction volume — a massive leap in institutional use case.
Price Action:
XRP traded within a narrow 24-hour range from $2.135 to $2.186, showing signs of a market coiling for a move. A bullish burst between 13:21 and 13:30 pushed prices from $2.151 to $2.158 on high volume, suggesting growing buyer interest.
The price briefly pulled back to $2.150 in the 13:47–13:48 window — a critical zone that aligns with the 38.2% Fibonacci retracement from January’s high.
Technical Analysis Recap
XRP posted a 2.38% trading range over 24 hours, from $2.135 to $2.186.
Support held at $2.133 with above-average volume; resistance formed near $2.186.
Current trading band between $2.150–$2.165 shows narrowing volatility — a classic pre-breakout structure.
Fibonacci support at $2.152 (38.2% retracement) remains intact.
Volume spike confirmed local high at $2.158 during 13:21–13:30.
Sharp dip to $2.150 tested key support; quick recovery to $2.152 shows buying strength.
RSI and MACD trending flat, indicating a potential breakout setup once volume returns.
